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Significant variation in large-cap prices weakened the upward momentum of the market on Thursday amid low liquidity. Investors follow market fluctuations at the Saigon Securities (SSI) trading floor on Ha Noi’s Ngo Quyen Street.-VNS Photo Truong Vi The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 0.45 per cent to end at 926.28 points. The southern market index moved little on Wednesday. The HNX Index on the Ha Noi Stock Exchange was up 0.33 per cent to close at 104.54 points. The northern market index lost 0.34 per cent the previous day. More than 180.8 million shares were traded on the two exchanges, worth VND3.1 trillion (US$135.7 million). The large-cap VN30 Index was up 0.13 per cent to 900.40 points at the end of the morning session. Large cap stocks still differed in prices but still managed to rally, helping the indices remain green on Thursday. Real estate developer Vinhomes (VHM), Vincom Retail (VRE), dairy firm Vinamilk (VNM) and Asia Commercial … [Read more...] about Wall St rally fails to help Vietnam shares

Viet Nam News HÀ NỘI — Significant variation in large-cap prices weakened the upward momentum of the market on Thursday amid low liquidity. The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 0.45 per cent to end at 926.28 points. The southern market index moved little on Wednesday. The HNX Index on the Ha Noi Stock Exchange was up 0.33 per cent to close at 104.54 points. The northern market index lost 0.34 per cent the previous day. More than 180.8 million shares were traded on the two exchanges, worth VNĐ3.1 trillion (US$135.7 million). The large-cap VN30 Index was up 0.13 per cent to 900.40 points at the end of the morning session. Large cap stocks still differed in prices but still managed to rally, helping the indices remain green on Thursday. Real estate developer Vinhomes (VHM), Vincom Retail (VRE), dairy firm Vinamilk (VNM) and Asia Commercial Joint Stock Bank (ACB) were the biggest contributors to the market’s gains. In the … [Read more...] about Wall St rally fails to help VN shares

Hurricane death toll rises to 17 as search goes on in FloridaThe Saigon Times Daily Damaged and destroyed buildings are seen in an aerial photograph, taken during a post-Hurricane Michael flight by a U.S. Coast Guard MH-65 helicopter over Mexico Beach, Florida, U.S. October 11, 2018 – PHOTO: REUTERS MEXICO BEACH (REUTERS) - The death toll from Hurricane Michael rose to 17 across four states on Friday, law enforcement officials said, as rescue crews hampered by communications failures searched the hardest-hit communities in the Florida Panhandle. Searchers found one person dead in the rubble of Mexico Beach, said Joseph Zahralban, Miami’s fire chief and the task force leader of a search and rescue unit. Three additional deaths were reported in Marianna, in Jackson County, Florida, Sheriff Lou Roberts told a news conference on Friday afternoon. The number of fatalities was expected to rise further as rescuers go door to door and comb through the rubble in oceanfront … [Read more...] about Hurricane death toll rises to 17 as search goes on in Florida

Most Asia markets rose on Monday (May 7) following a blistering lead from Wall Street as a soft jobs report soothed concerns about rising US interest rates, while oil prices extended a rally ahead of Donald Trump's decision on the Iran nuclear deal. Donald Trump has said he will decide by May 12 on whether or not to dump the Iran nuclear deal. (Photo: AFP/Yuri Gripas) All three main indexes in New York clocked up sizeable gains Friday after the closely watched non-farm payrolls report showed unemployment at an 18-year low - but fewer-than-expected jobs were created in April and average earnings missed estimates. The figures soothed anxieties that the Federal Reserve could lift borrowing costs four times this year owing to a pick-up in inflation and a strengthening economy. Those worries have acted as a weight on global markets in recent weeks. Hong Kong was 0.2 per cent higher and Shanghai surged 1.5 per cent, while Sydney was 0.4 per cent up. Wellington, Taipei, Jakarta and … [Read more...] about Asia markets boosted by Wall St surge, Iran fears lift oil

Asian markets went into reverse on Wednesday (Apr 25), tracking fresh losses on Wall Street as investors fret about rising US Treasury yields and speculation that interest rates will rise four times this year. Donald Trump and Emmanuel Macron's call for a 'new' nuclear deal with Iran pushed oil prices lower. (Photo AFP/Nicholas Kamm) Technology firms were once again in the firing line in response to a plunge in Google parent Alphabet on costs worries, while Apple shares suffered a fifth straight loss because of concerns over the crucial smartphone sector. The yield on benchmark 10-year Treasuries broke three per cent on Tuesday for the first time in more than four years as surging oil prices and the impact of Donald Trump's huge tax cuts fan inflation expectations. There is a fear the higher yields will divert investor attention from equities as safe-bet government debt looks more attractive. That, along with an improving economy, has fanned talk the Federal Reserve will have … [Read more...] about Asian markets sink with Wall St as tech firms take another hit

Shares in top Chinese manufacturing companies plunged on Wednesday (Apr 18) after Beijing announced plans to phase out ownership limits for foreign automakers, shipbuilders and aircraft firms. A man walks past a stock indicator showing share prices of US companies in Tokyo on Apr 18, 2018. (Photo: AFP/Behrouz Mehri) The liberalisation meets a longtime demand of the United States and other countries seeking better access for their companies in the world's biggest market for cars and one of the largest for air travel. The country will this year end shareholding limits for new energy vehicle firms such as those that produce electric cars, the National Development and Reform Commission (NDRC) said Tuesday. The move will be followed by commercial vehicles in 2020 and passenger cars in 2022. China currently restricts foreign auto firms to a maximum 50 per cent ownership of joint ventures with local companies. China's fifth-largest auto maker BAIC, which has a joint venture with … [Read more...] about Asian markets rise as Wall St, North Korea provide positive lead

U.K. travel magazine Lonely Planet has unveiled its list of the 120 most breathtaking human constructions on Earth, and a bizarre building in Vietnam has made the list. The magazine's new "A Spotter's Guide to Amazing Architecture" introduces the world's "coolest" cosntructions and where to see them. Hang Nga Guesthouse, dubbed the "Crazy House" in the Central Highlands town Da Lat, has been recognized for its extraordinary exterior which resembles a monstrous banyan tree. Around one kilometer from the center of Da Lat, the guesthouse was officially opened in 1990, and has been compared to the amazing architecture of world-acclaimed constructions such as the Salvador Dalí Museum and Walt Disney Concert Hall. The design by Vietnamese architect Dang Viet Nga was inspired by the poetic natural scenery of the dreamy city and the architectural works of Catalan master Antoni Gaud. Once forgotten, it has now emerged as one of the most popular tourist attractions in Vietnam’s city … [Read more...] about Vietnam’s ‘crazy house’ named among world’s most ‘coolest’ buildings

In a fresh show of interest in the poet, whose verse was both melancholic and amorous, her words have been turned into music by Bryce Dessner, the composer also known as a guitarist with indie rockers The National.The song cycle, written by Dessner for mezzo-soprano Kelley O’Connor, is named after and closes with Voy a Dormir ("I Am Going to Sleep"), Storni’s poignant final poem which she sent to a newspaper before drowning herself in the sea in 1938."Her words feel eternal to me; they really do. They feel as pressing and powerful now as they would have then," Dessner said.The Orchestra of St. Luke’s is backing O’Connor for the world premiere Thursday at Carnegie Hall in New York, with Robert Spano, the Atlanta Symphony Orchestra music director and champion of contemporary fare, conducting.Dessner was driven to write the piece after seeing O’Connor sing another musical adaptation of Spanish poetry, the late composer Peter … [Read more...] about Argentine feminist’s poignant poems reborn in music

By 8:26 a.m. ET (1326 GMT), Dow e-minis were up 288 points, S&P 500 e-minis were up 30 points, Nasdaq 100 e-minis were up 69 points. The benchmark S&P 500 index closed up 1.5 percent on Friday (Feb.9), but still ended the week nearly nine percent below its all-time high on Jan. 26 as investors fretted that the specter of rising inflation would warrant increasing interest rates at a faster-than-expected pace. "The futures are pointing to a solid bounce in attempt to resume Friday's climb, notwithstanding the 10-year U.S. Treasury yield knocking on the 2.9 percent level," Peter Cardillo, chief market economist at First Standard Financial in New York, wrote in a note. U.S. 10-year Treasury yields hit a new four-year high of 2.902. Wall Street's fear gauge, VIX, short for the CBOE Volatility index was last at 26.49, down from Friday's close of 29.06, but double its 50-day moving average. "While today's bounce suggests a short-term oversold market condition is … [Read more...] about US STOCKS-Wall St strives to bounce back from worst week in two years

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent, building on the previous day's gains to make a fresh peak. Australian stocks were flat, the Republic of Korea's KOSPI added 0.2 percent and Japan's Nikkei was last up 0.4 percent after reaching its highest level since late 1991. Shanghai rose 0.4 percent and China’s Hong Kong's Hang Seng advanced 0.4 percent. US stocks jumped on 17 January and the Dow closed above 26,000 for the first time as investors' expectations for higher earnings lifted stocks across sectors. Optimism over prospects for sustained strong global growth and improved corporate earning shave helped share markets rally at the start of 2018. "Events related to the Democratic People’s Republic of Korea pose potential risks, but there are very few factors holding equities back at the moment," said Junichi Ishikawa, senior FX strategist at IG Securities in Tokyo. "And bullish US stocks, higher Treasury yields and signs of the … [Read more...] about Asia stocks reach record highs after Wall St surge, dollar edges back